Which of the following is a TRUE statement

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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QUESTION 34
Which of the following is a TRUE statement
OA. Both tax avoidance and tax evasion are legal
OB. Tax avoidance is illegal but tax evasion is not.
OC. Tax evasion is illegal but tax avoidance is not.
D. Both tax evasion and tax avoidance are illegal
QUESTION 35
Federal Reserve Bank Districts are identical to the number of Federal District Courts
True
False
QUESTION 36
Proposed regulations need not be followed by taxpayers and are secondary tax law sources
True
False
Transcribed Image Text:QUESTION 34 Which of the following is a TRUE statement OA. Both tax avoidance and tax evasion are legal OB. Tax avoidance is illegal but tax evasion is not. OC. Tax evasion is illegal but tax avoidance is not. D. Both tax evasion and tax avoidance are illegal QUESTION 35 Federal Reserve Bank Districts are identical to the number of Federal District Courts True False QUESTION 36 Proposed regulations need not be followed by taxpayers and are secondary tax law sources True False
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